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SABIC COMPANY
Introduction
This is a diversified manufacturing company that is located in Saudi, it is known in the production of industrial polymers, chemicals, fertilizers, petrochemicals as well as the production of metals. Over 70% of the shares of this company are owned by the public investment fund of Saudi Arabia. The company has been listed as the largest company in the Middle East. This company is the second largest globally in the production of ethylene glycol and the year 2013 it was ranked as the fourth most abundant chemical producer in the world.
Supply Chain Management
This is a very critical business strategy that ensures that goals of a company are realized at the right time, this is possible through essential resources of supply that are reliable (Hahn, Gerd and Josef Packowski, 46).SABIC company top leadership is quite aware that, the issue of supply chain management is not all about operational and functional areas only, but it is a crucial issue that calls for top leadership attention from the company. Therefore SABIC has begun identifying, new business opportunities as well as strategies that will enable them to have a competitive business advantage over other companies. This is one of the ways that the company has found out that will enable the company to compete favorably globally. With the increase in development in technology, supply chain management has become a very crucial tool in productivity of SABIC Company.
Maintenance
One of the critical elements of the long term strategies of SABIC Company is talent and therefore because of that, the senior leadership of the company understands how crucial it is to develop skills since they will help the company to realize its goals at the end of the day (Selami, 122). Besides that, the CEO of the company together with the senior leadership of the company is aware of the different stages of talent development will have different needs as well. Because of this, the employment value positions of this company are developed in three different brad bands, with the senior managers at the top followed by the middle managers and finally the employees who most of the time is at the beginning of their careers. Each of these bands has a customized curriculum whose primary focus is on the; training, coaching, leadership as well as change. However, regardless of the levels of various operations, those are carried out the action plans that are carried out for employee development remains common.
Recommendation
SABIC company should always, prioritize, the safety of all their workers, people in the vicinity of the company as well as ensure that the environment is safe and clean too. This is because the chemicals may be very harmful to both human beings plants and even animals.
Conclusion
The company is strategically positioned, something that has enabled the company to create a lot of job opportunities both in the local country as well as in foreign countries. Where the company is located, experts have analyzed the marketing strategies of this company, and for further improvement of the marketing strategies of their company, experts and the senior leadership of this company have discussed more of the marketing strategies. Finally, the human resource department has done a lot of good things for the workers and the company as it identifies talent and develops and above all it also grooms the middle managers, to make them ready to take the senior leadership roles in the company.
References
Hahn, Gerd J., and Josef Packowski. “A perspective on applications of in-memory analytics in supply chain management.” Decision Support Systems 76 (2015): 45-52.
Selami, Fudhah Ateq AL. “The efficiency of SAP in improving the HR performance case study: Masdar building materials in the Kingdom of Saudi Arabia.” Journal of Fundamental and Applied Sciences 10.4S (2018): 120-125.